Reserve bank autonomy and the credibility of monetary policy: A game‐theoretic approach

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• The original version of this paper was prepared while Bob Buckle was a Visiting Fellow in the Department of Economics, Research School of Social Sciences, Australian National University. Subsequent venions of the paper were presented to seminars at the Research School of Pacific Studies, Australian National University, at the University of Toronto, Queen's University, Canada and to a conference of the Canadian Economic Association. The authors are grateful to participants at those seminars as well as to Geoffrey Brennan, Steve Dowrick, the editor and three anonymous referees for constructive comments and suggestions.
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